Pequot Capital Management

Exploiting a rule that allows the SEC to give money to sources in insider trading cases, the agency has award $1 million to a source in a case involving Pequot Capital Management.

Pequot Capital and its CEO, Arthur J. Samberg, were charged by the SEC with insider trading and agreed to pay nearly $28 million to settle the case. A separate action against a former Microsoft employee who allegedly tipped off the firm is still pending.

Recent revelations about alleged insider trading at hedge funds make me wonder if the average investor has a fair shot at investing in stocks. The most recent story pertains to a $15 billion hedge fund that closed back in May. And last month, the $3.7 billion Galleon hedge fund was shuttered...

If you thought the SEC missed a chance to crack down on Bernie Madoff's $65 billion Ponzi scheme, you won't be surprised to learn that it let a much smaller scam go on for years. That's right folks, if the fine reporting at the Boston Globe is to be believed, the now-closing $15 billion Pequot...